PayPal Holdings Inc. is adding a new card to bring its online credit product to physical stores as the company focuses on expanding its name recognition with in-person transactions.

The new, physical PayPal Credit Card is more of a special financing card than a rewards credit card. As long as you pay off your purchases in time, you won't have to worry about interest charges. Otherwise, you'll be on the hook for all the interest you would have accrued. But PayPal Credit doesn't offer any rewards.

A prominent player in the consumer financing space, Synchrony Financial SYF recently issued a new physical credit card in collaboration with PayPal. This new card allows users to access PayPal Credit not only online but also in-store and anywhere Mastercard is accepted.